Seagate Technology (STX) Financials

$159.21 +4.61 (+2.98%)

Closing price 08/22/2025 04:00 PM Eastern

Extended Trading

$160.00 +0.78 (+0.49%)

As of 08/22/2025 07:57 PM Eastern

Annual Income Statements for Seagate Technology

This table shows Seagate Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2027
Period end date	7/3/2015	7/1/2016	6/30/2017	6/29/2018	6/28/2019	7/3/2020	7/2/2021	7/1/2022	6/30/2023	6/28/2024	6/27/2025
Net Income / (Loss) Attributable to Common Shareholders	1,742	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469
Consolidated Net Income / (Loss)	1,742	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469
Net Income / (Loss) Continuing Operations	1,742	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469
Total Pre-Tax Income	1,970	274	815	1,418	1,372	1,032	1,348	1,679	-496	445	1,513
Total Operating Income	2,058	445	1,054	1,634	1,487	1,300	1,492	1,955	-342	452	1,890
Total Gross Profit	3,809	2,615	3,174	3,364	2,932	2,842	2,917	3,469	1,351	1,536	3,200
Total Revenue	13,739	11,160	10,771	11,184	10,390	10,509	10,681	11,661	7,384	6,551	9,097
Operating Revenue	13,739	11,160	10,771	11,184	10,390	10,509	10,681	11,661	7,384	6,551	9,097
Total Cost of Revenue	9,930	8,545	7,597	7,820	7,458	7,667	7,764	8,192	6,033	5,015	5,897
Operating Cost of Revenue	9,930	8,545	7,597	7,820	7,458	7,667	7,764	8,192	6,033	5,015	5,897
Total Operating Expenses	1,751	2,170	2,120	1,730	1,445	1,542	1,425	1,514	1,693	1,084	1,310
Selling, General & Admin Expense	857	635	606	562	453	473	502	559	491	460	561
Research & Development Expense	1,353	1,237	1,232	1,026	991	973	903	941	797	654	724
Amortization Expense	129	123	104	53	23	14	12	11	3.00	0.00	0.00
Restructuring Charge	32	175	178	89	-22	82	8.00	3.00	102	-30	25
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	0.00	300	0.00	0.00
Total Other Income / (Expense), net	-88	-171	-239	-216	-115	-268	-144	-276	-154	-7.00	-377
Interest Expense	207	193	222	236	224	201	220	249	123	361	328
Interest & Investment Income	6.00	3.00	12	38	84	20	2.00	2.00	10	15	25
Other Income / (Expense), net	113	19	-29	-18	25	-87	74	-29	-41	339	-74
Income Tax Expense	228	26	43	236	-640	28	34	30	33	110	44
Basic Earnings per Share	$5.38	$0.83	$2.61	$4.10	$7.13	$3.83	$5.43	$7.50	($2.56)	$1.60	$6.93
Weighted Average Basic Shares Outstanding	324M	299M	296M	288M	282M	262M	242M	220M	207M	209M	212M
Diluted Earnings per Share	$5.26	$0.82	$2.58	$4.05	$7.06	$3.79	$5.36	$7.36	($2.56)	$1.58	$6.77
Weighted Average Diluted Shares Outstanding	331M	302M	299M	292M	285M	265M	245M	224M	207M	212M	217M
Weighted Average Basic & Diluted Shares Outstanding	323.80M	298.80M	295.80M	288.30M	282.20M	514.92M	455.21M	417.51M	207.39M	420.39M	212.68M
Cash Dividends to Common per Share	$2.05	$2.43	$2.52	$2.52	$2.52	$2.58	$2.66	$2.77	$2.80	$2.80	$2.86

This table shows Seagate Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Net Income / (Loss) Attributable to Common Shareholders	29	-33	-433	-92	-184	-19	25	513	305	336	340
Consolidated Net Income / (Loss)	29	-33	-433	-92	-184	-19	25	513	305	336	340
Net Income / (Loss) Continuing Operations	29	-33	-433	-92	-184	-19	25	513	305	336	340
Total Pre-Tax Income	27	-38	-400	-85	-147	-4.00	58	538	316	350	355
Total Operating Income	107	-160	-315	26	-129	124	143	314	403	488	431
Total Gross Profit	482	246	319	304	149	362	425	600	714	812	760
Total Revenue	2,035	1,887	1,860	1,602	1,454	1,555	1,655	1,887	2,168	2,325	2,160
Operating Revenue	2,035	1,887	1,860	1,602	1,454	1,555	1,655	1,887	2,168	2,325	2,160
Total Cost of Revenue	1,553	1,641	1,541	1,298	1,305	1,193	1,230	1,287	1,454	1,513	1,400
Operating Cost of Revenue	1,553	1,641	1,541	1,298	1,305	1,193	1,230	1,287	1,454	1,513	1,400
Total Operating Expenses	375	406	634	278	278	238	282	286	311	324	329
Selling, General & Admin Expense	129	125	123	114	105	108	116	131	129	139	139
Research & Development Expense	234	200	191	172	171	161	164	158	181	184	180
Restructuring Charge	9.00	81	20	-8.00	2.00	-31	2.00	-3.00	1.00	1.00	10
Total Other Income / (Expense), net	-80	122	-85	-111	-18	-128	-85	224	-87	-138	-76
Interest Expense	71	-127	78	101	113	84	82	82	85	84	81
Interest & Investment Income	1.00	1.00	2.00	6.00	2.00	3.00	3.00	7.00	7.00	8.00	4.00
Other Income / (Expense), net	-10	-6.00	-9.00	-16	93	-47	-6.00	299	-9.00	-62	1.00
Income Tax Expense	-2.00	-5.00	33	7.00	37	15	33	25	11	14	15
Basic Earnings per Share	$0.14	($0.16)	($2.09)	($0.45)	($0.88)	($0.09)	$0.12	$2.45	$1.45	$1.58	$1.60
Weighted Average Basic Shares Outstanding	208M	206M	207M	207M	208M	209M	210M	209M	211M	212M	212M
Diluted Earnings per Share	$0.14	($0.16)	($2.09)	($0.45)	($0.88)	($0.09)	$0.12	$2.43	$1.41	$1.55	$1.57
Weighted Average Diluted Shares Outstanding	210M	206M	207M	207M	208M	209M	213M	212M	216M	217M	216M
Weighted Average Basic & Diluted Shares Outstanding	206.45M	206.48M	207.08M	207.39M	209.18M	209.51M	209.99M	420.39M	211.53M	211.71M	212.22M
Cash Dividends to Common per Share	$0.70	$0.00	$0.70	$1.40	$0.70	-	$0.70	-	$0.70	$0.72	$0.72

This table details how cash moves in and out of Seagate Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2027
Period end date	7/3/2015	7/1/2016	6/30/2017	6/29/2018	6/28/2019	7/3/2020	7/2/2021	7/1/2022	6/30/2023	6/28/2024	6/27/2025
Net Change in Cash & Equivalents	-152	-1,354	1,411	-686	394	-527	-513	-594	171	572	-467
Net Cash From Operating Activities	2,650	1,680	1,916	2,113	1,761	1,714	1,626	1,657	942	918	1,083
Net Cash From Continuing Operating Activities	2,650	1,680	1,916	2,110	1,761	1,714	1,626	1,657	942	918	1,083
Net Income / (Loss) Continuing Operations	1,742	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469
Consolidated Net Income / (Loss)	1,742	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469
Depreciation Expense	841	815	749	598	541	379	397	451	513	264	251
Non-Cash Adjustments To Reconcile Net Income	204	155	206	98	2.00	219	59	209	-214	-190	276
Changes in Operating Assets and Liabilities, net	-137	462	189	232	-794	112	-144	-652	1,172	509	-913
Net Cash From Investing Activities	-1,287	-1,211	-459	-1,588	846	-635	-466	-352	217	126	-276
Net Cash From Continuing Investing Activities	-1,287	-1,211	-459	-1,588	846	-635	-466	-352	217	126	-276
Purchase of Property, Plant & Equipment	-747	-587	-471	-372	-620	-643	-502	-399	-317	-254	-265
Acquisitions	-453	-634	-	-	-	-	-	-	0.00	0.00	-88
Sale of Property, Plant & Equipment	-	0.00	0.00	71	154	8.00	33	47	534	54	52
Divestitures	-	-	-	-	-	-	-	0.00	0.00	326	25
Net Cash From Financing Activities	-1,495	-1,820	-46	-1,211	-2,212	-1,605	-1,673	-1,899	-988	-473	-1,274
Net Cash From Continuing Financing Activities	-1,495	-1,820	-46	-1,211	-2,212	-1,605	-1,673	-1,899	-988	-473	-1,274
Repayment of Debt	-1,038	-26	-316	-214	-819	-1,139	-52	-707	-1,622	-1,416	-1,092
Repurchase of Common Equity	-1,087	-1,090	-460	-361	-963	-850	-2,047	-1,799	-408	0.00	0.00
Payment of Dividends	-664	-727	-561	-726	-713	-673	-649	-610	-582	-585	-600
Issuance of Debt	1,196	0.00	1,232	0.00	245	994	1,000	1,200	1,600	1,500	400
Issuance of Common Equity	98	79	86	113	69	103	108	68	68	66	72
Other Financing Activities, net	0.00	-56	-27	-23	-31	-40	-33	-51	-44	-38	-54
Effect of Exchange Rate Changes	-	-3.00	-	-	-1.00	-	-	0.00	0.00	1.00	0.00
Cash Interest Paid	216	200	172	237	223	226	184	244	327	303	324
Cash Income Taxes Paid	285	40	33	43	39	51	44	33	32	30	42

This table details how cash moves in and out of Seagate Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Net Change in Cash & Equivalents	146	9.00	-4.00	20	9.00	-8.00	8.00	563	-119	-1.00	-424
Net Cash From Operating Activities	245	251	228	218	127	169	188	434	95	221	259
Net Cash From Continuing Operating Activities	245	251	228	218	127	169	188	434	95	221	259
Net Income / (Loss) Continuing Operations	29	-33	-433	-92	-184	-19	25	513	305	336	340
Consolidated Net Income / (Loss)	29	-33	-433	-92	-184	-19	25	513	305	336	340
Depreciation Expense	135	148	126	104	76	62	63	63	64	63	63
Non-Cash Adjustments To Reconcile Net Income	42	-156	15	-115	10	25	35	-260	46	107	56
Changes in Operating Assets and Liabilities, net	39	292	520	321	225	101	65	118	-320	-285	-200
Net Cash From Investing Activities	-133	-77	-42	469	-70	-35	-52	283	-68	-70	-8.00
Net Cash From Continuing Investing Activities	-133	-77	-42	469	-70	-35	-52	283	-68	-70	-8.00
Purchase of Property, Plant & Equipment	-134	-79	-54	-50	-70	-70	-60	-54	-68	-71	-43
Sale of Property, Plant & Equipment	1.00	2.00	12	519	-	-	8.00	11	-	-	10
Net Cash From Financing Activities	34	-165	-190	-667	-49	-142	-128	-154	-146	-152	-675
Net Cash From Continuing Financing Activities	34	-165	-190	-667	-49	-142	-128	-154	-146	-152	-675
Repayment of Debt	-1.00	-20	-73	-1,528	-1,414	-2.00	-	-	0.00	-	-538
Payment of Dividends	-147	-145	-145	-145	-145	-146	-147	-147	-147	-148	-152
Issuance of Common Equity	29	-	30	9.00	35	9.00	22	-	29	3.00	24
Other Financing Activities, net	-39	-	-2.00	-3.00	-25	-3.00	-3.00	-7.00	-28	-7.00	-9.00

This table presents Seagate Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2027
Period end date	7/3/2015	7/1/2016	6/30/2017	6/29/2018	6/28/2019	7/3/2020	7/2/2021	7/1/2022	6/30/2023	6/28/2024	6/27/2025
Total Assets	9,845	8,213	9,268	9,410	8,885	8,930	8,675	8,944	7,556	7,739	8,023
Total Current Assets	5,568	3,533	5,041	4,310	4,363	4,114	3,779	4,033	2,905	3,332	3,653
Cash & Equivalents	2,479	1,125	2,539	1,853	2,220	1,722	1,209	615	786	1,358	891
Accounts Receivable	1,735	1,318	1,199	1,184	989	1,115	1,158	1,532	621	429	959
Inventories, net	993	868	982	1,053	970	1,142	1,204	1,565	1,140	1,239	1,440
Other Current Assets	233	216	321	220	184	135	208	321	358	306	363
Plant, Property, & Equipment, net	2,278	2,160	1,875	1,792	1,869	2,129	2,181	2,239	1,706	1,614	1,657
Total Noncurrent Assets	1,999	2,520	2,352	3,308	2,653	2,687	2,715	2,672	2,945	2,793	2,713
Goodwill	874	1,237	1,238	1,237	1,237	1,237	1,237	1,237	1,237	1,219	1,221
Noncurrent Deferred & Refundable Income Taxes	496	616	609	417	1,114	1,120	1,117	1,132	1,117	1,037	1,066
Other Noncurrent Operating Assets	259	219	224	1,466	191	272	332	294	591	537	426
Total Liabilities & Shareholders' Equity	9,845	8,213	9,268	9,410	8,885	8,930	8,675	8,944	7,556	7,739	8,023
Total Liabilities	6,827	6,620	7,904	7,745	6,723	7,143	8,044	8,835	8,755	9,230	8,476
Total Current Liabilities	2,343	2,249	2,626	3,190	2,232	2,722	2,921	3,555	2,592	3,099	2,648
Short-Term Debt	-	-	0.00	499	0.00	19	245	584	63	479	0.00
Accounts Payable	1,540	1,517	1,626	1,728	1,420	1,808	1,725	2,058	1,603	1,786	1,604
Accrued Expenses	547	548	763	710	643	671	669	661	826	728	692
Current Employee Benefit Liabilities	256	184	237	253	169	224	282	252	100	106	352
Total Noncurrent Liabilities	4,484	4,371	5,278	4,555	4,491	4,421	5,123	5,280	6,163	6,131	5,828
Long-Term Debt	4,155	4,091	5,021	4,320	4,253	4,156	4,894	5,062	5,388	5,195	4,995
Other Noncurrent Operating Liabilities	296	266	242	225	234	265	229	218	775	936	833
Total Equity & Noncontrolling Interests	3,018	1,593	1,364	1,665	2,162	1,787	631	109	-1,199	-1,491	-453
Total Preferred & Common Equity	3,018	1,593	1,364	1,665	2,162	1,787	631	109	-1,199	-1,491	-453
Total Common Equity	3,018	1,593	1,364	1,665	2,162	1,787	631	109	-1,199	-1,491	-453
Common Stock	5,734	5,929	6,152	6,377	6,545	6,757	6,977	7,190	7,373	7,471	7,706
Retained Earnings	-2,686	-4,311	-4,771	-4,696	-4,349	-4,904	-6,305	-7,117	-8,670	-8,960	-8,151
Accumulated Other Comprehensive Income / (Loss)	-30	-25	-17	-16	-34	-66	-41	36	98	-2.00	-8.00

This table presents Seagate Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Total Assets	8,611	7,867	7,967	7,556	7,196	7,149	7,096	7,739	7,972	7,959	7,564
Total Current Assets	3,740	3,081	3,597	2,905	2,636	2,628	2,615	3,332	3,608	3,662	3,282
Cash & Equivalents	761	770	766	786	795	787	795	1,358	1,239	1,238	814
Accounts Receivable	1,098	840	994	621	521	471	332	429	628	587	622
Inventories, net	1,606	1,194	1,200	1,140	1,052	1,053	1,191	1,239	1,383	1,473	1,472
Other Current Assets	275	277	637	358	268	317	297	306	358	364	374
Plant, Property, & Equipment, net	2,196	2,122	1,753	1,706	1,652	1,642	1,639	1,614	1,599	1,595	1,613
Total Noncurrent Assets	2,675	2,664	2,617	2,945	2,908	2,879	2,842	2,793	2,765	2,702	2,669
Goodwill	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,219	1,219	1,219	1,219
Noncurrent Deferred & Refundable Income Taxes	1,137	1,135	1,127	1,117	1,087	1,074	1,052	1,037	1,038	1,032	1,026
Other Noncurrent Operating Assets	296	289	252	591	584	568	553	537	508	451	424
Total Liabilities & Shareholders' Equity	8,611	7,867	7,967	7,556	7,196	7,149	7,096	7,739	7,972	7,959	7,564
Total Liabilities	8,962	8,337	8,971	8,755	8,898	8,963	8,985	9,230	9,272	9,038	8,393
Total Current Liabilities	3,138	2,725	3,639	2,592	2,473	2,529	3,062	3,099	3,161	2,969	2,412
Short-Term Debt	636	636	1,118	63	0.00	0.00	479	479	479	479	0.00
Accounts Payable	1,712	1,085	1,697	1,603	1,511	1,619	1,672	1,786	1,778	1,567	1,467
Accrued Expenses	684	897	740	826	874	824	836	728	756	719	703
Current Employee Benefit Liabilities	106	107	84	100	88	86	75	106	148	204	242
Total Noncurrent Liabilities	5,824	5,612	5,332	6,163	6,425	6,434	5,923	6,131	6,111	6,069	5,981
Long-Term Debt	5,613	5,393	4,840	5,388	5,666	5,669	5,192	5,195	5,197	5,200	5,146
Other Noncurrent Operating Liabilities	211	219	492	775	759	765	731	936	914	869	835
Total Equity & Noncontrolling Interests	-351	-470	-1,004	-1,199	-1,702	-1,814	-1,889	-1,491	-1,300	-1,079	-829
Total Preferred & Common Equity	-351	-470	-1,004	-1,199	-1,702	-1,814	-1,889	-1,491	-1,300	-1,079	-829
Total Common Equity	-351	-470	-1,004	-1,199	-1,702	-1,814	-1,889	-1,491	-1,300	-1,079	-829
Common Stock	7,248	7,281	7,342	7,373	7,338	7,377	7,433	7,471	7,533	7,577	7,648
Retained Earnings	-7,672	-7,850	-8,430	-8,670	-9,025	-9,194	-9,319	-8,960	-8,831	-8,654	-8,476
Accumulated Other Comprehensive Income / (Loss)	73	99	84	98	-15	3.00	-3.00	-2.00	-2.00	-2.00	-1.00

This table displays calculated financial ratios and metrics derived from Seagate Technology's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2027
Period end date	7/3/2015	7/1/2016	6/30/2017	6/29/2018	6/28/2019	7/3/2020	7/2/2021	7/1/2022	6/30/2023	6/28/2024	6/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.11%	-18.77%	-3.49%	3.83%	-7.10%	1.15%	1.64%	9.18%	-36.68%	-11.28%	0.00%
EBITDA Growth	14.87%	-57.54%	38.70%	24.80%	-7.27%	-22.45%	23.30%	21.09%	-94.53%	711.54%	0.00%
EBIT Growth	24.56%	-78.63%	120.91%	57.66%	-6.44%	-19.78%	29.10%	22.99%	-119.89%	306.53%	0.00%
NOPAT Growth	1.55%	-77.87%	147.88%	36.42%	60.10%	-42.00%	14.99%	32.02%	-112.47%	242.13%	0.00%
Net Income Growth	10.96%	-85.76%	211.29%	53.11%	70.22%	-50.10%	30.88%	25.49%	-132.08%	163.33%	0.00%
EPS Growth	16.37%	-84.41%	214.63%	56.98%	74.32%	-46.32%	41.42%	37.31%	-134.78%	161.72%	0.00%
Operating Cash Flow Growth	3.60%	-36.60%	14.05%	10.28%	-16.66%	-2.67%	-5.13%	1.91%	-43.15%	-2.55%	0.00%
Free Cash Flow Firm Growth	-27.55%	-56.13%	217.12%	-66.16%	353.45%	-53.39%	-7.08%	18.33%	6.97%	-31.60%	0.00%
Invested Capital Growth	14.51%	-2.88%	-15.53%	20.41%	-9.41%	1.07%	7.57%	12.69%	-32.57%	-18.49%	0.00%
Revenue Q/Q Growth	-2.64%	-2.40%	-2.25%	3.99%	-4.27%	1.41%	4.87%	-3.20%	-12.20%	4.55%	0.00%
EBITDA Q/Q Growth	-4.20%	-7.72%	2.78%	15.01%	-8.02%	-8.87%	21.77%	-7.29%	-73.36%	114.00%	0.00%
EBIT Q/Q Growth	-5.77%	-16.99%	7.56%	25.47%	-10.43%	-9.07%	28.57%	-9.87%	-697.92%	320.74%	0.00%
NOPAT Q/Q Growth	-11.98%	-14.13%	7.00%	31.87%	36.39%	-40.83%	17.68%	-6.69%	-4,175.00%	196.40%	0.00%
Net Income Q/Q Growth	-9.51%	-21.27%	6.04%	41.56%	35.03%	-44.87%	31.66%	-11.11%	-228.57%	224.07%	0.00%
EPS Q/Q Growth	-8.36%	-22.64%	6.17%	41.61%	37.35%	-43.01%	34.00%	-8.68%	-212.20%	221.54%	0.00%
Operating Cash Flow Q/Q Growth	-11.55%	2.31%	-1.34%	11.92%	-1.12%	-3.38%	5.86%	-15.24%	4.20%	30.77%	0.00%
Free Cash Flow Firm Q/Q Growth	-12.54%	48.12%	-1.65%	-63.61%	7,201.63%	-54.44%	2.58%	-13.18%	95.61%	-25.42%	0.00%
Invested Capital Q/Q Growth	3.99%	-1.32%	0.87%	42.06%	-13.02%	-1.00%	3.33%	4.32%	-17.24%	-5.42%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.72%	23.43%	29.47%	30.08%	28.22%	27.04%	27.31%	29.75%	18.30%	23.45%	35.18%
EBITDA Margin	21.92%	11.46%	16.47%	19.80%	19.76%	15.15%	18.38%	20.38%	1.76%	16.10%	22.72%
Operating Margin	14.98%	3.99%	9.79%	14.61%	14.31%	12.37%	13.97%	16.77%	-4.63%	6.90%	20.78%
EBIT Margin	15.80%	4.16%	9.52%	14.45%	14.55%	11.54%	14.66%	16.52%	-5.19%	12.07%	19.96%
Profit (Net Income) Margin	12.68%	2.22%	7.17%	10.57%	19.36%	9.55%	12.30%	14.14%	-7.16%	5.11%	16.15%
Tax Burden Percent	88.43%	90.51%	94.72%	83.36%	146.65%	97.29%	97.48%	98.21%	106.65%	75.28%	97.09%
Interest Burden Percent	90.74%	59.05%	79.51%	87.75%	90.74%	85.08%	86.08%	87.18%	129.50%	56.26%	83.32%
Effective Tax Rate	11.57%	9.49%	5.28%	16.64%	-46.65%	2.71%	2.52%	1.79%	0.00%	24.72%	2.91%
Return on Invested Capital (ROIC)	41.44%	8.72%	23.77%	32.14%	49.41%	29.99%	33.05%	39.59%	-5.56%	10.82%	50.26%
ROIC Less NNEP Spread (ROIC-NNEP)	36.14%	2.03%	15.45%	25.53%	42.67%	18.36%	28.65%	33.54%	-11.54%	10.70%	41.34%
Return on Net Nonoperating Assets (RNNOA)	18.11%	2.04%	28.44%	45.91%	55.73%	20.86%	75.63%	406.09%	102.63%	-35.72%	-374.54%
Return on Equity (ROE)	59.56%	10.76%	52.22%	78.05%	105.15%	50.85%	108.68%	445.68%	97.06%	-24.91%	-324.28%
Cash Return on Invested Capital (CROIC)	27.92%	11.64%	40.61%	13.61%	59.29%	28.92%	25.76%	27.65%	33.34%	31.20%	0.00%
Operating Return on Assets (OROA)	22.45%	5.14%	11.73%	17.30%	16.53%	13.62%	17.79%	21.86%	-4.64%	10.34%	22.63%
Return on Assets (ROA)	18.02%	2.75%	8.83%	12.66%	22.00%	11.27%	14.93%	18.72%	-6.41%	4.38%	18.31%
Return on Common Equity (ROCE)	59.56%	10.76%	52.22%	78.05%	105.15%	50.85%	108.68%	445.68%	97.06%	-24.91%	-324.28%
Return on Equity Simple (ROE_SIMPLE)	57.72%	15.57%	56.60%	70.99%	93.06%	56.18%	208.24%	1,512.84%	44.12%	-22.47%	0.00%
Net Operating Profit after Tax (NOPAT)	1,820	403	998	1,362	2,181	1,265	1,454	1,920	-239	340	1,835
NOPAT Margin	13.25%	3.61%	9.27%	12.18%	20.99%	12.03%	13.62%	16.47%	-3.24%	5.19%	20.17%
Net Nonoperating Expense Percent (NNEP)	5.31%	6.69%	8.32%	6.61%	6.75%	11.62%	4.40%	6.05%	5.97%	0.12%	8.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	40.40%
Cost of Revenue to Revenue	72.28%	76.57%	70.53%	69.92%	71.78%	72.96%	72.69%	70.25%	81.70%	76.55%	64.82%
SG&A Expenses to Revenue	6.24%	5.69%	5.63%	5.03%	4.36%	4.50%	4.70%	4.79%	6.65%	7.02%	6.17%
R&D to Revenue	9.85%	11.08%	11.44%	9.17%	9.54%	9.26%	8.45%	8.07%	10.79%	9.98%	7.96%
Operating Expenses to Revenue	12.74%	19.44%	19.68%	15.47%	13.91%	14.67%	13.34%	12.98%	22.93%	16.55%	14.40%
Earnings before Interest and Taxes (EBIT)	2,171	464	1,025	1,616	1,512	1,213	1,566	1,926	-383	791	1,816
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,012	1,279	1,774	2,214	2,053	1,592	1,963	2,377	130	1,055	2,067
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3,200,707.13	3.08	6.13	7.49	4.91	5.83	28.18	125.55	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	5,445,171.44	0.00	0.00	51.98	13.05	21.16	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	703,088.59	0.44	0.78	1.12	1.02	0.99	1.67	1.17	1.68	3.31	3.30
Price to Earnings (P/E)	5,545,197.55	19.79	10.84	10.55	5.28	10.37	13.53	8.30	0.00	64.73	20.43
Dividend Yield	8.15%	14.78%	8.93%	5.80%	6.57%	6.36%	4.26%	4.35%	4.68%	2.71%	2.02%
Earnings Yield	0.00%	5.05%	9.23%	9.48%	18.94%	9.64%	7.39%	12.05%	0.00%	1.54%	4.89%
Enterprise Value to Invested Capital (EV/IC)	2,060,523.85	1.73	2.82	3.33	3.02	3.03	4.76	3.64	4.92	9.20	9.35
Enterprise Value to Revenue (EV/Rev)	703,088.71	0.71	1.01	1.38	1.22	1.22	2.03	1.61	2.31	3.97	3.75
Enterprise Value to EBITDA (EV/EBITDA)	3,207,083.60	6.15	6.12	6.97	6.17	8.08	11.06	7.87	131.16	24.65	16.51
Enterprise Value to EBIT (EV/EBIT)	4,449,440.72	16.96	10.59	9.55	8.37	10.61	13.87	9.72	0.00	32.87	18.79
Enterprise Value to NOPAT (EV/NOPAT)	5,308,086.03	19.53	10.87	11.34	5.80	10.17	14.93	9.75	0.00	76.41	18.59
Enterprise Value to Operating Cash Flow (EV/OCF)	3,645,183.32	4.68	5.66	7.31	7.19	7.51	13.35	11.30	18.10	28.32	31.51
Enterprise Value to Free Cash Flow (EV/FCFF)	7,880,254.36	14.63	6.36	26.76	4.84	10.55	19.16	13.96	11.89	26.50	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.38	2.57	3.68	2.89	1.97	2.34	8.14	51.80	-4.55	-3.81	-11.03
Long-Term Debt to Equity	1.38	2.57	3.68	2.59	1.97	2.33	7.76	46.44	-4.49	-3.48	-11.03
Financial Leverage	0.50	1.00	1.84	1.80	1.31	1.14	2.64	12.11	-8.90	-3.34	-9.06
Leverage Ratio	3.31	3.92	5.91	6.17	4.78	4.51	7.28	23.81	-15.14	-5.69	-17.71
Compound Leverage Factor	3.00	2.31	4.70	5.41	4.34	3.84	6.27	20.76	-19.60	-3.20	-14.76
Debt to Total Capital	57.93%	71.97%	78.64%	74.32%	66.30%	70.03%	89.06%	98.11%	128.20%	135.64%	109.97%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	7.70%	0.00%	0.32%	4.25%	10.15%	1.48%	11.45%	0.00%
Long-Term Debt to Total Capital	57.93%	71.97%	78.64%	66.63%	66.30%	69.71%	84.82%	87.96%	126.72%	124.19%	109.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	42.07%	28.03%	21.36%	25.68%	33.70%	29.97%	10.94%	1.89%	-28.20%	-35.64%	-9.97%
Debt to EBITDA	1.38	3.20	2.83	2.18	2.07	2.62	2.62	2.38	41.93	5.38	2.42
Net Debt to EBITDA	0.55	2.31	1.40	1.34	0.99	1.54	2.00	2.12	35.88	4.09	1.99
Long-Term Debt to EBITDA	1.38	3.20	2.83	1.95	2.07	2.61	2.49	2.13	41.45	4.92	2.42
Debt to NOPAT	2.28	10.16	5.03	3.54	1.95	3.30	3.53	2.94	-22.77	16.68	2.72
Net Debt to NOPAT	0.92	7.35	2.49	2.18	0.93	1.94	2.70	2.62	-19.49	12.68	2.24
Long-Term Debt to NOPAT	2.28	10.16	5.03	3.17	1.95	3.29	3.37	2.64	-22.51	15.27	2.72
Altman Z-Score	848,960.75	1.44	1.75	2.17	2.28	1.92	2.25	1.89	0.10	1.01	2.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.38	1.57	1.92	1.35	1.95	1.51	1.29	1.13	1.12	1.08	1.38
Quick Ratio	1.80	1.09	1.42	0.95	1.44	1.04	0.81	0.60	0.54	0.58	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,226	538	1,705	577	2,617	1,220	1,133	1,341	1,435	981	0.00
Operating Cash Flow to CapEx	354.75%	286.20%	406.79%	701.99%	377.90%	269.92%	346.70%	470.74%	0.00%	459.00%	508.45%
Free Cash Flow to Firm to Interest Expense	5.92	2.79	7.68	2.45	11.68	6.07	5.15	5.39	11.66	2.72	0.00
Operating Cash Flow to Interest Expense	12.80	8.70	8.63	8.95	7.86	8.53	7.39	6.65	7.66	2.54	3.30
Operating Cash Flow Less CapEx to Interest Expense	9.19	5.66	6.51	7.68	5.78	5.37	5.26	5.24	9.42	1.99	2.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.24	1.23	1.20	1.14	1.18	1.21	1.32	0.90	0.86	1.13
Accounts Receivable Turnover	7.93	7.31	8.56	9.39	9.56	9.99	9.40	8.67	6.86	12.48	9.49
Inventory Turnover	10.04	9.18	8.21	7.69	7.37	7.26	6.62	5.92	4.46	4.22	4.10
Fixed Asset Turnover	6.23	5.03	5.34	6.10	5.68	5.26	4.96	5.28	3.74	3.95	5.49
Accounts Payable Turnover	6.43	5.59	4.83	4.66	4.74	4.75	4.40	4.33	3.30	2.96	3.68
Days Sales Outstanding (DSO)	46.01	49.93	42.65	38.89	38.17	36.54	38.84	42.10	53.21	29.25	38.48
Days Inventory Outstanding (DIO)	36.35	39.75	44.44	47.49	49.50	50.27	55.14	61.69	81.83	86.57	89.13
Days Payable Outstanding (DPO)	56.77	65.29	75.50	78.27	77.03	76.84	83.05	84.28	110.75	123.33	99.28
Cash Conversion Cycle (CCC)	25.59	24.38	11.59	8.10	10.64	9.97	10.94	19.51	24.29	-7.50	28.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,688	4,553	3,846	4,631	4,195	4,240	4,561	5,140	3,466	2,825	3,651
Invested Capital Turnover	3.13	2.42	2.56	2.64	2.35	2.49	2.43	2.40	1.72	2.08	2.49
Increase / (Decrease) in Invested Capital	594	-135	-707	785	-436	45	321	579	-1,674	-641	0.00
Enterprise Value (EV)	9,659,735,797	7,867	10,850	15,440	12,658	12,866	21,715	18,716	17,051	26,002	34,120
Market Capitalization	9,659,734,127	4,907	8,368	12,474	10,625	10,413	17,785	13,685	12,386	21,686	30,016
Book Value per Share	$0.00	$5.34	$4.60	$5.80	$7.81	$6.96	$2.76	$0.51	($5.79)	($7.10)	($2.13)
Tangible Book Value per Share	$0.00	($0.31)	($0.52)	$0.84	$2.94	$1.92	($2.77)	($5.29)	($11.76)	($12.91)	($7.89)
Total Capital	7,173	5,684	6,385	6,484	6,415	5,962	5,770	5,755	4,252	4,183	4,542
Total Debt	4,155	4,091	5,021	4,819	4,253	4,175	5,139	5,646	5,451	5,674	4,995
Total Long-Term Debt	4,155	4,091	5,021	4,320	4,253	4,156	4,894	5,062	5,388	5,195	4,995
Net Debt	1,670	2,960	2,482	2,966	2,033	2,453	3,930	5,031	4,665	4,316	4,104
Capital Expenditures (CapEx)	747	587	471	301	466	635	469	352	-217	200	213
Debt-free, Cash-free Net Working Capital (DFCFNWC)	740	153	-124	-234	-89	-311	-106	447	-410	-646	114
Debt-free Net Working Capital (DFNWC)	3,225	1,284	2,415	1,619	2,131	1,411	1,103	1,062	376	712	1,005
Net Working Capital (NWC)	3,225	1,284	2,415	1,120	2,131	1,392	858	478	313	233	1,005
Net Nonoperating Expense (NNE)	78	155	226	180	169	261	140	271	290	5.27	366
Net Nonoperating Obligations (NNO)	1,670	2,960	2,482	2,966	2,033	2,453	3,930	5,031	4,665	4,316	4,104
Total Depreciation and Amortization (D&A)	841	815	749	598	541	379	397	451	513	264	251
Debt-free, Cash-free Net Working Capital to Revenue	5.39%	1.37%	-1.15%	-2.09%	-0.86%	-2.96%	-0.99%	3.83%	-5.55%	-9.86%	1.25%
Debt-free Net Working Capital to Revenue	23.47%	11.51%	22.42%	14.48%	20.51%	13.43%	10.33%	9.11%	5.09%	10.87%	11.05%
Net Working Capital to Revenue	23.47%	11.51%	22.42%	10.01%	20.51%	13.25%	8.03%	4.10%	4.24%	3.56%	11.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.38	$0.83	$2.61	$4.10	$7.13	$3.83	$5.43	$7.50	($2.56)	$1.60	$6.93
Adjusted Weighted Average Basic Shares Outstanding	324M	299M	296M	288M	282M	262M	242M	220M	207M	209M	212M
Adjusted Diluted Earnings per Share	$5.26	$0.82	$2.58	$4.05	$7.06	$3.79	$5.36	$7.36	($2.56)	$1.58	$6.77
Adjusted Weighted Average Diluted Shares Outstanding	331M	302M	299M	292M	285M	265M	245M	224M	207M	212M	217M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	302.03M	298.61M	291.81M	287.18M	269.04M	514.92M	455.21M	417.51M	207.39M	420.39M	212.68M
Normalized Net Operating Profit after Tax (NOPAT)	1,848	561	1,167	1,436	1,026	1,345	1,462	1,923	42	318	1,859
Normalized NOPAT Margin	13.45%	5.03%	10.83%	12.84%	9.87%	12.79%	13.69%	16.49%	0.57%	4.85%	20.44%
Pre Tax Income Margin	14.34%	2.46%	7.57%	12.68%	13.21%	9.82%	12.62%	14.40%	-6.72%	6.79%	16.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.49	2.40	4.62	6.85	6.75	6.03	7.12	7.73	-3.11	2.19	5.54
NOPAT to Interest Expense	8.79	2.09	4.50	5.77	9.74	6.29	6.61	7.71	-1.95	0.94	5.59
EBIT Less CapEx to Interest Expense	6.88	-0.64	2.50	5.57	4.67	2.88	4.99	6.32	-1.35	1.64	4.89
NOPAT Less CapEx to Interest Expense	5.18	-0.95	2.38	4.50	7.65	3.13	4.48	6.30	-0.18	0.39	4.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.12%	293.15%	72.67%	61.42%	35.44%	67.03%	49.39%	36.99%	-110.02%	174.63%	40.84%
Augmented Payout Ratio	100.52%	732.66%	132.25%	91.96%	83.30%	151.69%	205.18%	146.09%	-187.15%	174.63%	40.84%

This table displays calculated financial ratios and metrics derived from Seagate Technology's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-34.67%	-39.44%	-33.62%	-39.04%	-28.55%	-17.59%	-11.02%	17.79%	49.11%	49.52%	30.51%
EBITDA Growth	-66.67%	-102.64%	-137.64%	-75.85%	-82.76%	872.22%	201.01%	492.98%	1,045.00%	251.80%	147.50%
EBIT Growth	-83.61%	-128.87%	-178.26%	-97.10%	-137.11%	146.39%	142.28%	6,030.00%	1,194.44%	453.25%	215.33%
NOPAT Growth	-80.13%	-119.81%	-152.14%	-94.85%	-178.57%	177.50%	127.95%	1,545.10%	530.75%	439.72%	569.70%
Net Income Growth	-94.49%	-106.59%	-225.14%	-133.33%	-734.48%	42.42%	105.77%	657.61%	265.76%	1,868.42%	1,260.00%
EPS Growth	-93.86%	-107.17%	-233.97%	-134.88%	-728.57%	43.75%	105.74%	640.00%	260.23%	1,822.22%	1,208.33%
Operating Cash Flow Growth	-50.60%	-51.82%	-50.43%	21.11%	-48.16%	-32.67%	-17.54%	99.08%	-25.20%	30.77%	37.77%
Free Cash Flow Firm Growth	-281.27%	-199.33%	675.40%	850.74%	780.14%	3,789.39%	143.52%	-44.43%	-77.58%	-90.35%	-108.17%
Invested Capital Growth	8.24%	-1.30%	-15.00%	-32.57%	-38.31%	-35.94%	-28.68%	-18.49%	-1.01%	9.58%	17.27%
Revenue Q/Q Growth	-22.56%	-7.27%	-1.43%	-13.87%	-9.24%	6.95%	6.43%	14.02%	14.89%	7.24%	-7.10%
EBITDA Q/Q Growth	-50.85%	-107.76%	-1,000.00%	157.58%	-64.91%	247.50%	43.88%	238.00%	-32.25%	6.77%	1.23%
EBIT Q/Q Growth	-71.88%	-271.13%	-95.18%	103.09%	-460.00%	313.89%	77.92%	347.45%	-35.73%	8.12%	1.41%
NOPAT Q/Q Growth	-67.50%	-197.45%	-96.88%	108.25%	-596.15%	196.12%	-28.99%	385.75%	29.91%	20.44%	-11.89%
Net Income Q/Q Growth	-89.49%	-213.79%	-1,212.12%	78.75%	-100.00%	89.67%	231.58%	1,952.00%	-40.55%	10.16%	1.19%
EPS Q/Q Growth	-89.15%	-214.29%	-1,206.25%	78.47%	-95.56%	89.77%	233.33%	1,925.00%	-41.98%	9.93%	1.29%
Operating Cash Flow Q/Q Growth	36.11%	2.45%	-9.16%	-4.39%	-41.74%	33.07%	11.24%	130.85%	-78.11%	132.63%	17.19%
Free Cash Flow Firm Q/Q Growth	-22.48%	82.25%	1,158.16%	226.36%	10.96%	-3.72%	-30.16%	-25.52%	-55.24%	-58.55%	-159.15%
Invested Capital Q/Q Growth	-0.06%	-6.77%	-12.55%	-17.24%	-8.57%	-3.19%	-2.64%	-5.42%	11.04%	7.17%	4.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.69%	13.04%	17.15%	18.98%	10.25%	23.28%	25.68%	31.80%	32.93%	34.92%	35.19%
EBITDA Margin	11.40%	-0.95%	-10.65%	7.12%	2.75%	8.94%	12.08%	35.82%	21.13%	21.03%	22.92%
Operating Margin	5.26%	-8.48%	-16.94%	1.62%	-8.87%	7.97%	8.64%	16.64%	18.59%	20.99%	19.95%
EBIT Margin	4.77%	-8.80%	-17.42%	0.62%	-2.48%	4.95%	8.28%	32.49%	18.17%	18.32%	20.00%
Profit (Net Income) Margin	1.43%	-1.75%	-23.28%	-5.74%	-12.65%	-1.22%	1.51%	27.19%	14.07%	14.45%	15.74%
Tax Burden Percent	107.41%	86.84%	108.25%	108.24%	125.17%	475.00%	43.10%	95.35%	96.52%	96.00%	95.77%
Interest Burden Percent	27.84%	22.89%	123.46%	-850.00%	408.33%	-5.19%	42.34%	87.77%	80.20%	82.16%	82.18%
Effective Tax Rate	-7.41%	0.00%	0.00%	0.00%	0.00%	0.00%	56.90%	4.65%	3.48%	4.00%	4.23%
Return on Invested Capital (ROIC)	12.09%	-11.51%	-21.88%	1.95%	-10.17%	9.19%	6.51%	33.05%	41.34%	50.36%	50.29%
ROIC Less NNEP Spread (ROIC-NNEP)	10.31%	-9.87%	-26.26%	-0.32%	-11.98%	7.11%	5.78%	37.80%	39.54%	47.52%	48.71%
Return on Net Nonoperating Assets (RNNOA)	397.21%	-1,688.75%	436.80%	2.88%	60.46%	-31.56%	-20.11%	-126.21%	-122.58%	-153.13%	-165.03%
Return on Equity (ROE)	409.31%	-1,700.26%	414.92%	4.83%	50.29%	-22.37%	-13.60%	-93.16%	-81.24%	-102.77%	-114.74%
Cash Return on Invested Capital (CROIC)	21.42%	16.50%	16.09%	33.34%	37.65%	38.57%	36.68%	31.20%	29.34%	30.03%	32.41%
Operating Return on Assets (OROA)	5.86%	-9.54%	-17.12%	0.56%	-2.13%	4.27%	6.89%	27.83%	17.41%	19.49%	23.30%
Return on Assets (ROA)	1.75%	-1.90%	-22.88%	-5.14%	-10.89%	-1.05%	1.26%	23.29%	13.48%	15.37%	18.34%
Return on Common Equity (ROCE)	409.31%	-1,700.26%	414.92%	4.83%	50.29%	-22.37%	-13.60%	-93.16%	-81.24%	-102.77%	-114.74%
Return on Equity Simple (ROE_SIMPLE)	-328.21%	-131.49%	16.04%	0.00%	43.60%	40.13%	14.29%	0.00%	-63.38%	-109.27%	-180.22%
Net Operating Profit after Tax (NOPAT)	115	-112	-221	18	-90	87	62	299	389	468	413
NOPAT Margin	5.65%	-5.94%	-11.85%	1.14%	-6.21%	5.58%	3.72%	15.87%	17.94%	20.15%	19.11%
Net Nonoperating Expense Percent (NNEP)	1.78%	-1.65%	4.38%	2.27%	1.81%	2.09%	0.73%	-4.76%	1.80%	2.84%	1.58%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	2.25%	-	-	-	10.18%	9.56%
Cost of Revenue to Revenue	76.31%	86.96%	82.85%	81.02%	89.75%	76.72%	74.32%	68.20%	67.07%	65.08%	64.81%
SG&A Expenses to Revenue	6.34%	6.62%	6.61%	7.12%	7.22%	6.95%	7.01%	6.94%	5.95%	5.98%	6.44%
R&D to Revenue	11.50%	10.60%	10.27%	10.74%	11.76%	10.35%	9.91%	8.37%	8.35%	7.91%	8.33%
Operating Expenses to Revenue	18.43%	21.52%	34.09%	17.35%	19.12%	15.31%	17.04%	15.16%	14.35%	13.94%	15.23%
Earnings before Interest and Taxes (EBIT)	97	-166	-324	10	-36	77	137	613	394	426	432
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	232	-18	-198	114	40	139	200	676	458	489	495
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.98	1.10	1.55	1.68	1.95	2.68	3.09	3.31	3.15	2.30	2.11
Price to Earnings (P/E)	8.99	16.62	0.00	0.00	0.00	0.00	0.00	64.73	27.74	15.68	12.03
Dividend Yield	5.64%	5.63%	4.43%	4.68%	4.37%	3.38%	3.03%	2.71%	2.57%	3.23%	3.34%
Earnings Yield	11.12%	6.02%	0.00%	0.00%	0.00%	0.00%	0.00%	1.54%	3.61%	6.38%	8.31%
Enterprise Value to Invested Capital (EV/IC)	3.09	3.24	4.36	4.92	5.73	7.25	8.12	9.20	8.70	6.82	6.37
Enterprise Value to Revenue (EV/Rev)	1.50	1.66	2.17	2.31	2.67	3.44	3.87	3.97	3.76	2.85	2.61
Enterprise Value to EBITDA (EV/EBITDA)	8.29	12.81	37.39	131.16	0.00	234.02	49.17	24.65	18.53	12.58	10.53
Enterprise Value to EBIT (EV/EBIT)	11.08	22.50	0.00	0.00	0.00	0.00	128.95	32.87	22.35	14.60	11.96
Enterprise Value to NOPAT (EV/NOPAT)	10.93	21.20	0.00	0.00	0.00	0.00	211.17	76.41	30.57	18.21	14.23
Enterprise Value to Operating Cash Flow (EV/OCF)	11.27	13.67	20.19	18.10	22.02	29.96	34.53	28.32	30.81	24.44	22.11
Enterprise Value to Free Cash Flow (EV/FCFF)	14.97	19.52	24.88	11.89	11.61	14.67	18.42	26.50	29.51	23.75	21.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-17.80	-12.83	-5.93	-4.55	-3.33	-3.13	-3.00	-3.81	-4.37	-5.26	-6.21
Long-Term Debt to Equity	-15.99	-11.47	-4.82	-4.49	-3.33	-3.13	-2.75	-3.48	-4.00	-4.82	-6.21
Financial Leverage	38.53	171.16	-16.63	-8.90	-5.05	-4.44	-3.48	-3.34	-3.10	-3.22	-3.39
Leverage Ratio	68.90	307.89	-29.35	-15.14	-7.70	-6.57	-5.21	-5.69	-5.05	-5.22	-5.39
Compound Leverage Factor	19.18	70.48	-36.24	128.67	-31.44	0.34	-2.20	-4.99	-4.05	-4.29	-4.43
Debt to Total Capital	105.95%	108.45%	120.27%	128.20%	142.94%	147.06%	149.95%	135.64%	129.71%	123.46%	119.20%
Short-Term Debt to Total Capital	10.78%	11.44%	22.57%	1.48%	0.00%	0.00%	12.67%	11.45%	10.95%	10.41%	0.00%
Long-Term Debt to Total Capital	95.17%	97.01%	97.70%	126.72%	142.94%	147.06%	137.28%	124.19%	118.76%	113.04%	119.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-5.95%	-8.45%	-20.27%	-28.20%	-42.94%	-47.06%	-49.95%	-35.64%	-29.71%	-23.46%	-19.20%
Debt to EBITDA	3.27	4.97	12.21	41.93	-91.39	59.67	11.50	5.38	3.85	3.12	2.43
Net Debt to EBITDA	2.87	4.34	10.64	35.88	-78.56	51.39	9.89	4.09	3.01	2.44	2.05
Long-Term Debt to EBITDA	2.93	4.45	9.92	41.45	-91.39	59.67	10.53	4.92	3.53	2.85	2.43
Debt to NOPAT	4.31	8.23	-1,063.93	-22.77	-14.00	-27.55	49.40	16.68	6.36	4.51	3.28
Net Debt to NOPAT	3.79	7.18	-927.14	-19.49	-12.04	-23.72	42.47	12.68	4.97	3.53	2.76
Long-Term Debt to NOPAT	3.87	7.36	-864.29	-22.51	-14.00	-27.55	45.23	15.27	5.82	4.13	3.28
Altman Z-Score	0.80	0.52	0.31	0.27	0.10	0.32	0.33	0.93	1.07	1.00	1.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.13	0.99	1.12	1.07	1.04	0.85	1.08	1.14	1.23	1.36
Quick Ratio	0.59	0.59	0.48	0.54	0.53	0.50	0.37	0.58	0.59	0.61	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-276	-49	519	1,692	1,878	1,808	1,263	940	421	174	-103
Operating Cash Flow to CapEx	184.21%	325.97%	542.86%	0.00%	181.43%	241.43%	361.54%	1,009.30%	139.71%	311.27%	784.85%
Free Cash Flow to Firm to Interest Expense	-3.89	0.00	6.65	16.75	16.62	21.52	15.40	11.47	4.95	2.08	-1.27
Operating Cash Flow to Interest Expense	3.45	0.00	2.92	2.16	1.12	2.01	2.29	5.29	1.12	2.63	3.20
Operating Cash Flow Less CapEx to Interest Expense	1.58	0.00	2.38	6.80	0.50	1.18	1.66	4.77	0.32	1.79	2.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.23	1.08	0.98	0.90	0.86	0.86	0.83	0.86	0.96	1.06	1.17
Accounts Receivable Turnover	8.82	8.35	7.19	6.86	8.40	9.87	9.45	12.48	12.65	15.19	17.90
Inventory Turnover	5.43	5.69	4.93	4.46	4.35	4.75	4.20	4.22	4.24	4.34	4.25
Fixed Asset Turnover	4.80	4.31	4.26	3.74	3.54	3.44	3.69	3.95	4.47	4.96	5.25
Accounts Payable Turnover	4.36	4.87	3.62	3.30	3.59	3.95	2.98	2.96	3.14	3.44	3.60
Days Sales Outstanding (DSO)	41.38	43.69	50.74	53.21	43.43	36.97	38.62	29.25	28.86	24.03	20.39
Days Inventory Outstanding (DIO)	67.22	64.14	74.03	81.83	83.85	76.84	86.82	86.57	86.05	84.06	85.96
Days Payable Outstanding (DPO)	83.67	74.90	100.73	110.75	101.68	92.46	122.33	123.33	116.24	106.03	101.32
Cash Conversion Cycle (CCC)	24.92	32.94	24.04	24.29	25.61	21.35	3.11	-7.50	-1.32	2.07	5.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,137	4,789	4,188	3,466	3,169	3,068	2,987	2,825	3,137	3,362	3,503
Invested Capital Turnover	2.14	1.94	1.85	1.72	1.64	1.65	1.75	2.08	2.30	2.50	2.63
Increase / (Decrease) in Invested Capital	391	-63	-739	-1,674	-1,968	-1,721	-1,201	-641	-32	294	516
Enterprise Value (EV)	15,850	15,528	18,247	17,051	18,147	22,232	24,242	26,002	27,294	22,927	22,310
Market Capitalization	10,362	10,269	13,055	12,386	13,276	17,350	19,366	21,686	22,857	18,486	17,978
Book Value per Share	($1.68)	($2.28)	($4.86)	($5.79)	($8.21)	($8.67)	($9.02)	($7.10)	($6.18)	($5.10)	($3.92)
Tangible Book Value per Share	($7.63)	($8.28)	($10.86)	($11.76)	($14.17)	($14.59)	($14.92)	($12.91)	($11.98)	($10.86)	($9.67)
Total Capital	5,898	5,559	4,954	4,252	3,964	3,855	3,782	4,183	4,376	4,600	4,317
Total Debt	6,249	6,029	5,958	5,451	5,666	5,669	5,671	5,674	5,676	5,679	5,146
Total Long-Term Debt	5,613	5,393	4,840	5,388	5,666	5,669	5,192	5,195	5,197	5,200	5,146
Net Debt	5,488	5,259	5,192	4,665	4,871	4,882	4,876	4,316	4,437	4,441	4,332
Capital Expenditures (CapEx)	133	77	42	-469	70	70	52	43	68	71	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	477	222	310	-410	-632	-688	-763	-646	-313	-66	56
Debt-free Net Working Capital (DFNWC)	1,238	992	1,076	376	163	99	32	712	926	1,172	870
Net Working Capital (NWC)	602	356	-42	313	163	99	-447	233	447	693	870
Net Nonoperating Expense (NNE)	86	-79	213	110	94	106	37	-214	84	132	73
Net Nonoperating Obligations (NNO)	5,488	5,259	5,192	4,665	4,871	4,882	4,876	4,316	4,437	4,441	4,332
Total Depreciation and Amortization (D&A)	135	148	126	104	76	62	63	63	64	63	63
Debt-free, Cash-free Net Working Capital to Revenue	4.51%	2.37%	3.69%	-5.55%	-9.29%	-10.63%	-12.18%	-9.86%	-4.31%	-0.82%	0.66%
Debt-free Net Working Capital to Revenue	11.70%	10.61%	12.79%	5.09%	2.40%	1.53%	0.51%	10.87%	12.75%	14.59%	10.19%
Net Working Capital to Revenue	5.69%	3.81%	-0.50%	4.24%	2.40%	1.53%	-7.13%	3.56%	6.15%	8.62%	10.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	($0.16)	($2.09)	($0.45)	($0.88)	($0.09)	$0.12	$2.45	$1.45	$1.58	$1.60
Adjusted Weighted Average Basic Shares Outstanding	208M	206M	207M	207M	208M	209M	210M	209M	211M	212M	212M
Adjusted Diluted Earnings per Share	$0.14	($0.16)	($2.09)	($0.45)	($0.88)	($0.09)	$0.12	$2.43	$1.41	$1.55	$1.57
Adjusted Weighted Average Diluted Shares Outstanding	210M	206M	207M	207M	208M	209M	213M	212M	216M	217M	216M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	206.45M	206.48M	207.08M	207.39M	209.18M	209.51M	209.99M	420.39M	211.53M	211.71M	212.22M
Normalized Net Operating Profit after Tax (NOPAT)	81	-55	3.50	13	-89	65	102	297	390	469	422
Normalized NOPAT Margin	3.99%	-2.93%	0.19%	0.79%	-6.11%	4.19%	6.13%	15.72%	17.99%	20.19%	19.55%
Pre Tax Income Margin	1.33%	-2.01%	-21.51%	-5.31%	-10.11%	-0.26%	3.50%	28.51%	14.58%	15.05%	16.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.37	0.00	-4.15	0.10	-0.32	0.92	1.67	7.48	4.64	5.07	5.33
NOPAT to Interest Expense	1.62	0.00	-2.83	0.18	-0.80	1.03	0.75	3.65	4.58	5.58	5.10
EBIT Less CapEx to Interest Expense	-0.51	0.00	-4.69	4.74	-0.94	0.08	1.04	6.95	3.84	4.23	4.93
NOPAT Less CapEx to Interest Expense	-0.25	0.00	-3.37	4.82	-1.42	0.20	0.12	3.13	3.78	4.73	4.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.43%	96.76%	-365.84%	-110.02%	-78.17%	-79.81%	-215.93%	174.63%	71.24%	49.96%	39.76%
Augmented Payout Ratio	207.12%	308.90%	-921.12%	-187.15%	-78.17%	-79.81%	-215.93%	174.63%	71.24%	49.96%	39.76%

Key Financial Trends

Seagate Technology (NASDAQ:STX) has demonstrated a generally improving financial performance over the past four years, with some fluctuations and challenges evident in certain periods. Here is a summary of key financial trends and factors from Q3 2022 through Q3 2025 based on the latest quarterly results and historical data:

Revenue Growth: Seagate's operating revenue increased from approximately $1.55 billion in Q2 2024 to $2.16 billion in Q3 2025, reflecting solid growth and demand for its products.
Gross Profit Expansion: Gross profit rose from $362 million in Q2 2024 to $760 million in Q3 2025, indicating improved cost management and pricing power.
Consistent Net Income: The company reported positive net income in recent quarters, with $340 million in Q3 2025 compared to $336 million in Q2 2025, showing stability in profitability.
Operating Expenses Control: SG&A and R&D expenses remain relatively stable as a portion of revenue, with operating expenses around $329 million in Q3 2025, supporting operational efficiency.
Positive Operating Cash Flow: Seagate generated $259 million in net cash from operating activities in Q3 2025, up from $221 million in Q2 2025, indicating strong cash conversion.
Dividend Payouts: Dividends per common share were steady at $0.72 in Q3 2025, showing commitment to shareholder returns but also meaning outflows that slightly reduce liquidity.
Inventory Levels: Inventories remained elevated at about $1.47 billion in Q3 2025, flat compared to previous quarters, which could signal cautious supply chain management or potential sales risk.
High Debt Levels: Total liabilities were substantially high at approximately $8.39 billion in Q3 2025, with about $5.15 billion in long-term debt, posing financial leverage concerns.
Equity Deficit: Seagate reported a negative total common equity of -$829 million as of Q3 2025, indicating accumulated losses or other equity challenges that could impact financial flexibility.
Cash Decrease from Financing Activities: The company used $675 million in net cash for financing activities in Q3 2025, driven mainly by debt repayments and dividends, reducing cash reserves and increasing debt paydown pressures.

Overall Analysis: Seagate Technology has shown marked improvement in revenue and profitability in recent quarters, supported by solid operating cash flow. The company continues to invest prudently in R&D and keeps operating expenses controlled. However, the elevated debt load and negative equity position present financial risks that investors should monitor closely. Inventory stability suggests no immediate inventory build-up concerns, but management's working capital management will be important going forward. Dividend consistency supports shareholder confidence but adds to cash outflow demands.

Retail investors should weigh Seagate’s growth and cash generation against its capital structure challenges and the ongoing need for prudent debt management. The company’s recent trend toward improving earnings and cash flow is a positive sign, but leverage and equity concerns might temper risk appetite.

08/24/25 11:46 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Seagate Technology's Financials

When does Seagate Technology's financial year end?

According to the most recent income statement we have on file, Seagate Technology's fiscal year ends in June. Their fiscal year 2025 ended on June 27, 2025.

How has Seagate Technology's net income changed over the last 10 years?

Seagate Technology's net income appears to be on a downward trend, with a most recent value of $1.47 billion in 2027, falling from $1.74 billion in 2015. The previous period was $335 million in 2024. Check out Seagate Technology's forecast to explore projected trends and price targets.

What is Seagate Technology's operating income?

Seagate Technology's total operating income in 2027 was $1.89 billion, based on the following breakdown:

Total Gross Profit: $3.20 billion
Total Operating Expenses: $1.31 billion

How has Seagate Technology's revenue changed over the last 10 years?

Over the last 10 years, Seagate Technology's total revenue changed from $13.74 billion in 2015 to $9.10 billion in 2027, a change of -33.8%.

How much debt does Seagate Technology have?

Seagate Technology's total liabilities were at $8.48 billion at the end of 2027, a 8.2% decrease from 2024, and a 24.2% increase since 2015.

How much cash does Seagate Technology have?

In the past 10 years, Seagate Technology's cash and equivalents has ranged from $615 million in 2022 to $2.54 billion in 2017, and is currently $891 million as of their latest financial filing in 2027.

How has Seagate Technology's book value per share changed over the last 10 years?

Over the last 10 years, Seagate Technology's book value per share changed from 0.00 in 2015 to -2.13 in 2027, a change of -213.5%.

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This page (NASDAQ:STX) was last updated on 8/25/2025 by MarketBeat.com Staff

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